Reserve bank of australia keeps rates on hold

Reserve Banks Keeps 0.25 Percent Lowest Level Interest Rate

The Reserve Bank of Australia has retained the official cash interest rate at its lowest level of 0.25 percent. The decision was widely expected by analysts and economists. RBA Governor Philip Lowe gave a more positive outlook as the country gradually reopens its economy. He pointed out that their fiscal policy would have to have[…]

Reserve bank of australia keeps rates on hold

Reserve Bank Maintains 0.25 Percent Interest Rate

The Reserve Bank of Australia has kept on hold the official cash interest rate at its lowest level of 0.25 percent. The decision was unanimously expected by analysts. RBA Governor Philip Lowe said the country continues to face a difficult period and the outlook remains uncertain at this time. He cited the sharp rise in[…]

Reserve bank of australia keeps rates on hold

Reserve Bank Keeps 0.25 Percent Interest Rate

The Reserve Bank of Australia has decided to keep the latest record level cash interest rate of 0.25 percent. This is in response to the the corona virus pandemic that has been affecting global economies. RBA Governor Philip Lowe said the pandemic remains a major public health issue and many countries are expected to suffer[…]